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International Airlines Group (IAG)

British Airways extends revolving credit facility

British Airways has extended its US dollar secured revolving credit facility for one year. The move, confirmed by International Airlines Group (IAG), will take effect from 23 June. The amount available under the extended facility is USD 1.38 billion. Including the extended facility and some smaller additional facilities recently arranged, IAG has total undrawn general

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World could be served by just “10-12 airlines”

The world’s skies could be dominated by just 10-12 airlines in future, if ownership regulations are relaxed. In a panel discussion at the CAPA Airline Leader Summit in Dublin, Henrik Hololei, the European Commission’s director general for mobility & transport, predicted that if airline ownership rules are opened up, the industry would undergo a period

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Willie Walsh hails “game-changing” new aircraft

The new Airbus A321neo aircraft will be a “game-changer” for the airline industry, IAG chief executive Willie Walsh has said. In a panel discussion at the CAPA Airline Leader Summit in Dublin on Friday, Walsh said that the new single-aisle jet would enable airlines to cost-effectively operate mid- to long-haul routes, including trans-Atlantic services. “The

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